The North America Oxygen Flow Meters Market would witness market growth of 5% CAGR during the forecast period (2021-2027).
Equipment that is capable of measuring the flow of oxygen from an oxygen-dispensing unit to the user of the oxygen. It can be fixed to a part of an oxygen tank, or it can be standalone equipment that can assess the flow from a gas tank or gas concentrator.
In the medical domain, a nurse can utilize an oxygen flowmeter with an aim to check whether the patient is receiving the required amount of oxygen or not. In case of a breakdown of the oxygen dispensing system, a secondary meter can also behave as a failsafe. Traditionally, hand-held meters are utilized for spot checks to know whether the oxygen regulator flow meters are functioning in a suitable manner.
The high deployment of latest healthcare devices and services across well-established nations such as the US and Canada is likely to open new avenues for growth for the players operating in the regional oxygen flow meters market during the forecast period. Additionally, the existence of various leading market players in the region would fuel the revenue share of the regional market in the upcoming years. In addition, various key players are putting heavy investments with an aim to create better and reliable products so as to avoid product recalls, thereby propelling the growth of the overall oxygen flow meters market.
The market players in the market are increasing their R&D activities to design advanced products with superior quality. Furthermore, the construction of new healthcare facilities in the region is anticipated to boost the regional oxygen flow meters market.
The US market dominated the North America Aerospace Oxygen Flow Meters Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $31.6 million by 2027. The Canada market is experiencing a CAGR of 9.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 8.1% during (2021 - 2027).
Based on Type, the market is segmented into Plug-in Type, Double Flange Type and Others. Based on Application, the market is segmented into Healthcare, Industrial, Aerospace, Chemical, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Oxygen Flow Meters Market is Estimated to Reach USD 1.5 billion by 2027 at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dwyer Instruments LTD. (Arcline Investment Management), HERSILL Ohio Medical (Tenex Capital Management), Precision Medical, Inc., Penlon (BPL Medical Technologies), DZ Medicale, Burak Metering, Megasan Medical, SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED, and Heyer Medical (AEONMED Group).
By Type
By Application
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